Macy's lower after Jan. sales disappoint

Macy's (M) announces comparable-store sales rose 1.4% in Q4, a mark which improves to 4.3% if sales from departments licensed to third parties is included.

The retailer says it's "very disappointed" with its poor sales performance in January amid harsh winter weather. The month saw a 7%-8% drop in comp sales.

Gross margin rate was flat from the year-ago period indicating sell-through prices held up for the company better than most peers.

Guidance for comparable sales growth in FY14 is set at 2.5%-3.0%.

M -2.1% premarket

From other sites
Comments (4)
  • Bouchart
    , contributor
    Comments (1174) | Send Message
    Might not bode well for JCP.
    25 Feb 2014, 08:54 AM Reply Like
  • spald_fr
    , contributor
    Comments (2814) | Send Message
    Mrs spald_fr routinely spends $200-500/mo at Macy's. This month's bill is just under $75. Not sure why as I'm afraid to ask why she's purchasing less.
    25 Feb 2014, 09:17 AM Reply Like
  • Bouchart
    , contributor
    Comments (1174) | Send Message
    Maybe she ran out of closet space.
    25 Feb 2014, 09:53 AM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (11773) | Send Message
    Blame It On The Rain:
    25 Feb 2014, 10:22 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs